Robinhood Markets gains after Morgan Stanley upgrades to 'overweight'

Robinhood Markets

01/09/2026 10:35

** Shares of retail trading platform Robinhood HOOD.O up 3.7% to $108.69 premarket
** Morgan Stanley upgrades HOOD to "overweight" from "equal-weight"; raises target price to $150 from $124, representing a 43% upside to the stock's last close 
** Brokerage sees multiple catalysts supporting co's revenue growth including organic asset growth, active trader share gains and newer products supporting a longer growth runway than previously accounted for 
** "HOOD's expanding product set gives customers more reasons to consolidate assets on the platform and reduces graduation risk as its largely Gen Y/Z customer base accumulates greater wealth and financial complexity," Morgan Stanley said
** 22 of 28 brokerages rate the stock "buy" or "higher", 5 "hold" and 1 "sell"; median PT is $124.5 — data compiled by LSEG
** Up to last close, stock down 7.3% YTD

 (Reporting by Kanchana Chakravarty in Bengaluru)
 ((Kanchana.Chakravarty@thomsonreuters.com;))